Dodla Dairy Limited (DDL) has formally taken control of production operations of Shri Krishna Milks Private Limited (SKM). The company acquired SKM for a consideration of INR 50 Crores.
Commenting on the acquisition, Mr Dodla Sunil Reddy, Managing Director, Dodla Dairy Limited said, “This acquisition is in line with our strategy of powering growth through organic and inorganic means. Apart from penetration in the Northern Karnataka and Goa market, this acquisition will also enhance our product offerings and production capacities.”
Key highlights are as follows:
- SKM plants have a milk producing capacity of 1.2 lakh litres per day.
- SKM currently produces Milk, Curd, Lassi, Buttermilk, Ghee, Butter, Khoa, Sweets, Paneer, Flavoured milk and Shrikhand.
- The acquisition enhances DDL’s geographic presence to Goa, Uttar Kannada as well as other regions of Karnataka.
- The acquisition also provides synergies in procurement network to DDL.